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BOARD OF GOVERNORS 265 OF" THE FEDERAL RESERVE SYSTEM WASHINGTON AOORESS OFFICIAb. CORRESPONOENCE TO THE BOARO X-9503 February 25, 1936. 5ubject: Comptroller's Regulation ro Investment Securities. Dear Sir: There has been sent to you under separate cover a supply of copies of the "Regulations Governing The Purchase Of Investment Securities, And Further Defining The Term 'Investment Securities' As Used In Section 5136 Of The Re-. vised Statutes As Amended By The 'Banking Act Of 1935'", issued b,y the Comptroller of tho Currency. It is tmderstood that the Comptroller has already forwarded copies of this regulation to all national banks, and it will be appreciated if you will forward copies of the regulation to all State member banks in your district. Very truly yours, ~£~---fV~/-U-A-L. P. Bethea, Assistant Secrctar,y • •• TO ALL FEDERAL RESERVE AGENTS.